Provaris Energy Ltd (ASX:PV1, OTC:GBBLF) is an early mover in compressed storage and maritime transport of hydrogen with its proposed H2Neo (430t) and H2Max (2,000t) compressed hydrogen carriers and H2Leo compressed storage barge.
These have been designed to provide a competitive marine transportation (and storage) option for hydrogen, at scale over shipping distances of up to 4,000 nautical miles.
Provaris recently completed the 2023 Hydrogen Marine Transport Comparison Report, revealing the potential of compressed hydrogen in regional transport.
The company has now released a short video discussing the highlights of the report:
The findings of the report confirmed that Provaris’ unique compressed storage and maritime transport hydrogen supply chain delivers the lowest cost of pipeline-ready green hydrogen on a regional basis.
It also demonstrates that compression is a compelling alternative delivery method for the regional transport of hydrogen.
Provaris is now commercialising this supply chain through development projects underway in Norway (FjordH2 and Afjord) for supply to Europe and in Asia where it continues development of the large-scale Tiwi H2 project.
Read: Provaris Energy completes design feasibility report for Tiwi H2 green hydrogen project